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Burkina Faso Moves to Assert Control Over Foreign-Controlled Mines
Burkina Faso Moves to Assert Control Over Foreign-Controlled Mines
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Burkina Faso is tightening its grip on foreign-operated industrial mines as part of a broader strategy to maximize revenue from its natural resources. Prime Minister Jean Emanuel Ouédraogo has framed these reforms as critical for economic revitalization, particularly through gold reserves.
The government has established Société de Participation Minière du Burkina, a state-owned mining entity, to increase domestic participation in the sector. The firm has already assumed control of two industrial gold mines previously operated by Endeavour Mining, mirroring similar resource nationalism trends in neighboring countries.
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